Phosphate esters and other inorganic acid esters and salts excluding hydrogen halide esters and halogenated or sulphonated or nitrated or nitrosated forms market in Hungary

Earlier Report Observations

From 2018 to 2023, the Hungarian market for phosphate esters and related salts experienced substantial growth, with physical volume increasing from 7 827 t to 24 073 t. This expansion was primarily driven by rising imports, which climbed from 7 871 t to 24 106 t over the period, while domestic production remained limited and volatile.

The growth phase, particularly the rise to 16 772 t in 2022, was supported by Hungary's role as a key EU importer and by broader agricultural sector trends. Global factors, including fertilizer subsidies and government initiatives to raise crop yields, bolstered demand for phosphate esters as inputs for the fertilizer industry.

After peaking in 2023, the market volume contracted to 18 176 t in 2024. In value terms, the market reached USD 72.5 million in 2022 before declining to USD 39.1 million in 2024, reflecting a shift in market conditions.

Production phosphate and other inorganic acid esters in Hungary

In value, 2018-2021, K $ US

In 2021, Hungary's production of phosphate esters and other inorganic acid esters and salts (excluding hydrogen halide esters and halogenated, sulphonated, nitrated, or nitrosated forms) was valued at 5,670 thousand US dollars. This represented a significant increase of 33.6% compared to the previous year. Over the period from 2018 to 2021, production grew by 9.5%, with an average annual growth rate of 3.1%.

Annual dynamics of production in Hungary in value, 2018-2021, K $ US

In kind, 2018-2021, t

The market exhibited volatility during the observed period. Production volumes reached their lowest point in 2020 and peaked in 2021, with the peak being 1.7 times higher than the trough. In 2021, Hungary produced 989.9 tonnes of phosphate esters and other inorganic acid esters and salts (excluding hydrogen halide esters and halogenated, sulphonated, nitrated, or nitrosated forms), marking a substantial rise of 71.4% from the previous year.

Annual dynamics of production in Hungary in kind, 2018-2021, t

Exports phosphate and other inorganic acid esters from Hungary

Exports in kind, t

Hungary's exports of phosphate esters and other inorganic acid esters and salts (excluding hydrogen halide esters and halogenated, sulphonated, nitrated, or nitrosated forms) increased for the second consecutive year. In 2021, the country exported 1,052 tonnes, reflecting a dramatic gain of 64.9% compared to the year before. Over the period from 2018 to 2021, exports grew by 43.9%, with an average annual growth rate of 12.9%. The lowest export volume was recorded in 2019 at 552 tonnes, which also saw the largest decline of 24.6%.

Annual dynamics of product's exports from Hungary in kind, 2018-2021, t

From 2018 to 2021, France (accounting for 32.2% of exports in volume), the United Kingdom (16.6%), and Germany (10.5%) were the key partners for Hungary's exports of phosphate esters and other inorganic acid esters and salts (excluding hydrogen halide esters and halogenated, sulphonated, nitrated, or nitrosated forms). Together, these three countries represented 59.3% of total export flows.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Hungary in kind, 2018-2021

Exports in value, K $ US

Hungary's exports of phosphate esters and other inorganic acid esters and salts (excluding hydrogen halide esters and halogenated, sulphonated, nitrated, or nitrosated forms) increased for the second year in a row. In 2021, exports were valued at 7,526 thousand US dollars, showing a sharp rise of 35.2% year-over-year. Between 2018 and 2021, exports increased by 16.5%, equating to an average annual rate of 5.2%. The lowest value was recorded in 2019 at 4,049 thousand US dollars, which also experienced the largest decline of 37.3%. In contrast, the largest increase occurred in 2020, with a growth of 37.5%.

Annual dynamics of product's exports from Hungary in value, 2018-2021, K $ US

Over the period from 2018 to 2021, Germany (47.2% of exports in value terms), France (11.9%), and Italy (11.9%) were the primary buyers of phosphate esters and other inorganic acid esters and salts (excluding hydrogen halide esters and halogenated, sulphonated, nitrated, or nitrosated forms) from Hungary. Collectively, these three countries accounted for 71.0% of total export value.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Hungary in value, 2018-2021

Imports phosphate and other inorganic acid esters to Hungary

Imports in kind, t

In 2021, Hungary imported approximately 12,406 tonnes of phosphate esters and other inorganic acid esters and salts (excluding hydrogen halide esters and halogenated, sulphonated, nitrated, or nitrosated forms), equivalent to a controlled improvement of 7.0% compared to the previous year. Between 2018 and 2021, imports increased by 57.6%, with an average annual growth rate of 16.4%. The largest decline was recorded in 2020 at 0.5%, while the largest increase occurred in 2019, with a rise of 48.1%.

Annual dynamics of product's imports to Hungary in kind, 2018-2021, t

From 2018 to 2021, China (33.4% of imports in volume), Germany (21.3%), and Slovenia (18.9%) formed the core of Hungary's imports of phosphate esters and other inorganic acid esters and salts (excluding hydrogen halide esters and halogenated, sulphonated, nitrated, or nitrosated forms). Together, these three countries accounted for 73.6% of total import flows.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Hungary in kind, 2018-2021

Imports in value, K $ US

In 2021, foreign supplies of phosphate esters and other inorganic acid esters and salts (excluding hydrogen halide esters and halogenated, sulphonated, nitrated, or nitrosated forms) to Hungary reached 57,987 thousand US dollars, showing a gain of 57.1% year-over-year. Between 2018 and 2021, imports increased by 124.6%, with an average annual growth rate of 31.0%. The largest decline was recorded in 2020 at 0.0%.

Annual dynamics of product's imports to Hungary in value, 2018-2021, K $ US

During the period from 2018 to 2021, China (33.2% of imports in value terms), Germany (22.7%), and Slovenia (14.9%) continued to be the main suppliers of phosphate esters and other inorganic acid esters and salts (excluding hydrogen halide esters and halogenated, sulphonated, nitrated, or nitrosated forms) to Hungary. Jointly, these three countries formed 70.8% of total import value.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Hungary in value, 2018-2021